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Home Depot Says Data Breach Used 'Unique' Malware

Home Depot USA Inc. said Thursday that hackers involved in the store’s recent data breach used “unique, custom-built” malware never seen in previous attacks to access information for 56 million payment cards.

  • China's Alibaba Raises $21.8B In Historic US IPO

    The much-anticipated initial public offering of Alibaba Group Holding Ltd. is finally here, with the Chinese e-commerce giant pricing its 320 million shares Thursday at $68 apiece to raise $21.77 billion, officially making it the largest U.S. IPO ever and possibly the largest globally.

  • Hitachi, Mitsubishi Execs Indicted Over Auto Parts Cartel

    Seven executives from Mitsubishi Electric Corp. and Hitachi Automotive Supply Ltd. on Thursday were indicted in Michigan federal court for their role in a scheme to fix the prices of automotive products, the U.S. Department of Justice has announced.

  • Fed Tightens Reins On Santander Unit Over $52M Dividend

    The Federal Reserve said Thursday that it had taken enforcement action against Santander Holdings USA Inc., requiring the company to exercise stricter controls on capital distributions after a subsidiary issued an unauthorized $52 million dividend.

  • Apple Won't Unlock iOS 8 Devices For Government Queries

    Apple Inc. said Wednesday that the encryption and passcode settings on its new iOS 8 operating system will prevent it from unlocking customers’ iPhones in response to court orders, even if law enforcement presents it with search warrants. 

  • Renewed DOJ Fraud Focus Should Worry Bank Execs

    U.S. Attorney General Eric Holder’s proposal Wednesday to raise the cap on rewards for certain financial industry whistleblowers and make a renewed effort to pursue criminal financial fraud cases should give bank executives pause as they consider the prospect of prosecutors knocking on their doors, attorneys say.